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Recommendations
Middleby price target raised to $175 from $170 at Benchmark » 08:28
02/22/23
02/22
08:28
02/22/23
08:28
MIDD

Middleby

$153.97 /

-1.14 (-0.73%)

Benchmark analyst Todd…

Benchmark analyst Todd Brooks raised the firm's price target on Middleby to $175 from $170 and keeps a Buy rating on the shares after the company reported Q4 results that were above both the firm's and consensus expectations. Middleby saw better than expected sales performance from the Commercial Foodservice and Food Processing segments and modestly below consensus revenue from the Residential Kitchen segment, the firm noted.

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MIDD Middleby
$153.97 /

-1.14 (-0.73%)

MIDD Middleby
$153.97 /

-1.14 (-0.73%)

02/22/23 KeyBanc
Middleby price target raised to $180 from $175 at KeyBanc
02/16/23 Canaccord
Middleby price target raised to $176 from $162 at Canaccord
01/13/23 Barclays
Middleby price target raised to $177 from $175 at Barclays
11/17/22 Canaccord
Canaccord starts Middleby with Buy on deferred spending benefits
MIDD Middleby
$153.97 /

-1.14 (-0.73%)

MIDD Middleby
$153.97 /

-1.14 (-0.73%)

Recommendations
Middleby price target raised to $180 from $175 at KeyBanc » 06:23
02/22/23
02/22
06:23
02/22/23
06:23
MIDD

Middleby

$153.97 /

-1.14 (-0.73%)

KeyBanc analyst Jeffrey…

KeyBanc analyst Jeffrey Hammond raised the firm's price target on Middleby to $180 from $175 and keeps an Overweight rating on the shares. Following Middleby's Q4 earnings and conference call, the firm "walk away optimistic" about management's initial forward commentary, particularly margin progression in CFS. Despite some transitory issues in RK, KeyBanc believes expectations have been properly reset, and the business should return to growth into the second half of 2023/2024. The firm feels enduring underlying demand trends in the remainder of the business paired with a supportive backlog set the stage for a promising 2023.

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MIDD Middleby
$153.97 /

-1.14 (-0.73%)

MIDD Middleby
$153.97 /

-1.14 (-0.73%)

02/16/23 Canaccord
Middleby price target raised to $176 from $162 at Canaccord
01/13/23 Barclays
Middleby price target raised to $177 from $175 at Barclays
11/17/22 Canaccord
Canaccord starts Middleby with Buy on deferred spending benefits
11/16/22 Canaccord
Middleby initiated with a Buy at Canaccord
MIDD Middleby
$153.97 /

-1.14 (-0.73%)

MIDD Middleby
$153.97 /

-1.14 (-0.73%)

Over a month ago
On The Fly
Fly Intel: Pre-market Movers » 08:57
02/21/23
02/21
08:57
02/21/23
08:57
VIR

Vir Biotechnology

$25.73 /

+0.15 (+0.59%)

, MIDD

Middleby

$154.99 /

-1.91 (-1.22%)

, TCMD

Tactile Systems

$14.03 /

+0.29 (+2.11%)

, TAP

Molson Coors

$52.01 /

+0.625 (+1.22%)

, OLK

Olink

$22.18 /

-0.12 (-0.54%)

, APG

APi Group

$22.06 /

-0.095 (-0.43%)

, WMT

Walmart

$146.49 /

+2.21 (+1.53%)

, HD

Home Depot

$318.09 /

-3.135 (-0.98%)

, LGIH

LGI Homes

$114.38 /

-2.49 (-2.13%)

, DDS

Dillard's

$407.13 /

+9.175 (+2.31%)

, FLR

Fluor

$36.65 /

+0.15 (+0.41%)

, AN

AutoNation

$157.31 /

+15.925 (+11.26%)

Check out this morning's…

ShowHide Related Items >><<
WMT Walmart
$146.49 /

+2.21 (+1.53%)

VIR Vir Biotechnology
$25.73 /

+0.15 (+0.59%)

TCMD Tactile Systems
$14.03 /

+0.29 (+2.11%)

TAP Molson Coors
$52.01 /

+0.625 (+1.22%)

OLK Olink
$22.18 /

-0.12 (-0.54%)

MIDD Middleby
$154.99 /

-1.91 (-1.22%)

LGIH LGI Homes
$114.38 /

-2.49 (-2.13%)

HD Home Depot
$318.09 /

-3.135 (-0.98%)

FLR Fluor
$36.65 /

+0.15 (+0.41%)

DDS Dillard's
$407.13 /

+9.175 (+2.31%)

AN AutoNation
$157.31 /

+15.925 (+11.26%)

VIR Vir Biotechnology
$25.73 /

+0.15 (+0.59%)

02/21/23 Goldman Sachs
Vir Biotechnology upgraded to Buy from Neutral at Goldman Sachs
01/27/23 Morgan Stanley
Vir Biotechnology upgraded to Equal Weight from Underweight at Morgan Stanley
09/14/22 SVB Securities
SVB Securities bullish on Vir Biotechnology, initiates with an Outperform
09/14/22 SVB Securities
Vir Biotechnology initiated with an Outperform at SVB Securities
MIDD Middleby
$154.99 /

-1.91 (-1.22%)

02/16/23 Canaccord
Middleby price target raised to $176 from $162 at Canaccord
01/13/23 Barclays
Middleby price target raised to $177 from $175 at Barclays
11/17/22 Canaccord
Canaccord starts Middleby with Buy on deferred spending benefits
11/16/22 Canaccord
Middleby initiated with a Buy at Canaccord
TCMD Tactile Systems
$14.03 /

+0.29 (+2.11%)

08/02/22 Oppenheimer
Tactile Systems price target lowered to $18 from $35 at Oppenheimer
08/02/22 Piper Sandler
Tactile Systems price target lowered to $25 from $28 at Piper Sandler
07/18/22 BTIG
Tactile Systems price target lowered to $27 from $29 at BTIG
05/03/22 Piper Sandler
Tactile Systems outlook looks more achievable, says Piper Sandler
TAP Molson Coors
$52.01 /

+0.625 (+1.22%)

02/16/23 Citi
Citi launches beverage, personal space with six buys, two sells
02/16/23 Citi
Molson Coors initiated with a Neutral at Citi
02/07/23 Morgan Stanley
Molson Coors assumed with an Equal Weight at Morgan Stanley
01/06/23 TD Cowen
Molson Coors upgraded to Outperform from Market Perform at Cowen
OLK Olink
$22.18 /

-0.12 (-0.54%)

01/05/23 Scotiabank
Olink initiated with an Outperform at Scotiabank
01/04/23 Scotiabank
Olink initiated with an Outperform at Scotiabank
12/14/22 Canaccord
Olink initiated with a Buy at Canaccord
APG APi Group
$22.06 /

-0.095 (-0.43%)

12/09/22 Citi
APi Group price target raised to $24 from $21 at Citi
12/01/22 Barclays
APi Group price target raised to $22 from $19 at Barclays
10/13/22 RBC Capital
APi Group price target lowered to $15 from $18 at RBC Capital
10/03/22 Barclays
APi Group price target lowered to $19 from $21 at Barclays
WMT Walmart
$146.49 /

+2.21 (+1.53%)

02/17/23 Evercore ISI
Walmart added to 'Tactical Outperform' list at Evercore ISI
02/15/23 TD Cowen
Walmart price target raised to $180 from $175 at Cowen
02/14/23 Roth MKM
Walmart to get more aggressive on food pricing and market share, says Roth MKM
02/10/23 Gordon Haskett
Gordon Haskett upgrades Walmart to Accumulate on price leadership
HD Home Depot
$318.09 /

-3.135 (-0.98%)

02/17/23 Evercore ISI
Home Depot added to 'Tactical Underperform' list at Evercore ISI
02/15/23 Piper Sandler
Home Depot price target lowered to $300 from $320 at Piper Sandler
02/07/23 Barclays
Barclays sees a 'reset' in U.S. retail but 'not a recession yet'
02/07/23 Barclays
Home Depot initiated with an Equal Weight at Barclays
LGIH LGI Homes
$114.38 /

-2.49 (-2.13%)

11/22/22 JPMorgan
LGI Homes price target raised to $84 from $73 at JPMorgan
10/10/22 Wedbush
LGI Homes price target lowered to $84 from $94 at Wedbush
08/03/22 JMP Securities
LGI Homes price target lowered to $140 from $175 at JMP Securities
07/12/22 JPMorgan
LGI Homes price target lowered to $77 from $85 at JPMorgan
DDS Dillard's
$407.13 /

+9.175 (+2.31%)

01/03/23 JPMorgan
Dillard's price target lowered to $345 from $352 at JPMorgan
08/15/22 JPMorgan
Dillard's upped to Neutral at JPMorgan on increased reach, post-pandemic changes
08/15/22 JPMorgan
Dillard's upgraded to Neutral from Underweight at JPMorgan
07/07/22 BofA
Dillard's price target lowered to $150 from $215 at BofA
FLR Fluor
$36.65 /

+0.15 (+0.41%)

11/29/22 UBS
Fluor price target raised to $36 from $26 at UBS
11/14/22 Baird
Fluor price target raised to $37 from $32 at Baird
11/07/22 DA Davidson
Fluor upgraded to Buy at DA Davidson amid improving earnings visibility
11/07/22 Baird
Fluor price target raised to $47 from $42 at Baird
AN AutoNation
$157.31 /

+15.925 (+11.26%)

02/21/23 Wells Fargo
AutoNation price target raised to $154 from $126 at Wells Fargo
02/21/23 JPMorgan
AutoNation downgraded to Underweight from Neutral at JPMorgan
01/17/23 Morgan Stanley
AutoNation downgraded to Underweight from Equal Weight at Morgan Stanley
01/13/23 Wells Fargo
Wells Fargo downgrades AutoNation to Equal Weight on margin concerns
WMT Walmart
$146.49 /

+2.21 (+1.53%)

VIR Vir Biotechnology
$25.73 /

+0.15 (+0.59%)

TCMD Tactile Systems
$14.03 /

+0.29 (+2.11%)

TAP Molson Coors
$52.01 /

+0.625 (+1.22%)

OLK Olink
$22.18 /

-0.12 (-0.54%)

MIDD Middleby
$154.99 /

-1.91 (-1.22%)

LGIH LGI Homes
$114.38 /

-2.49 (-2.13%)

HD Home Depot
$318.09 /

-3.135 (-0.98%)

FLR Fluor
$36.65 /

+0.15 (+0.41%)

DDS Dillard's
$407.13 /

+9.175 (+2.31%)

APG APi Group
$22.06 /

-0.095 (-0.43%)

AN AutoNation
$157.31 /

+15.925 (+11.26%)

  • 19
    Jan
WMT Walmart
$146.49 /

+2.21 (+1.53%)

VIR Vir Biotechnology
$25.73 /

+0.15 (+0.59%)

TAP Molson Coors
$52.01 /

+0.625 (+1.22%)

HD Home Depot
$318.09 /

-3.135 (-0.98%)

WMT Walmart
$146.49 /

+2.21 (+1.53%)

TAP Molson Coors
$52.01 /

+0.625 (+1.22%)

OLK Olink
$22.18 /

-0.12 (-0.54%)

MIDD Middleby
$154.99 /

-1.91 (-1.22%)

HD Home Depot
$318.09 /

-3.135 (-0.98%)

AN AutoNation
$157.31 /

+15.925 (+11.26%)

WMT Walmart
$146.49 /

+2.21 (+1.53%)

HD Home Depot
$318.09 /

-3.135 (-0.98%)

Earnings
Middleby reports Q4 adjusted EPS $2.57, consensus $2.42 » 07:19
02/21/23
02/21
07:19
02/21/23
07:19
MIDD

Middleby

$154.99 /

-1.91 (-1.22%)

Reports Q4 revenue…

Reports Q4 revenue $1.03B, consensus $1.01B. "We are pleased with the results delivered in the fourth quarter and proud of our accomplishments for the year. Our team made great progress in 2022 moving forward our strategic and operating initiatives. We are excited about the many industry-leading innovations we have introduced over the past year and the robust pipeline of products we are launching in 2023. The investments we are making to evolve our go-to-market initiatives are paying dividends, as we have expanded the capabilities of our sales teams, deepened the relationships with our channel partners, and increased our engagement with end-user customers. The meaningful capital investments we have made in our operations have positioned us for increased manufacturing capacity and expected improvements in production efficiencies. In 2022, we also continued to execute our long-standing acquisition strategy -- adding eight brands to our portfolio and many exciting products complementing our commercial, food-processing and residential businesses. We are confident our execution of these strategic initiatives is positioning us for long-term growth and progressing us toward the profitability targets we have established for each of our three industry-leading foodservice segments," said Tim FitzGerald, CEO of The Middleby Corporation.

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MIDD Middleby
$154.99 /

-1.91 (-1.22%)

MIDD Middleby
$154.99 /

-1.91 (-1.22%)

02/16/23 Canaccord
Middleby price target raised to $176 from $162 at Canaccord
01/13/23 Barclays
Middleby price target raised to $177 from $175 at Barclays
11/17/22 Canaccord
Canaccord starts Middleby with Buy on deferred spending benefits
11/16/22 Canaccord
Middleby initiated with a Buy at Canaccord
MIDD Middleby
$154.99 /

-1.91 (-1.22%)

MIDD Middleby
$154.99 /

-1.91 (-1.22%)

Recommendations
Middleby price target raised to $176 from $162 at Canaccord » 07:47
02/16/23
02/16
07:47
02/16/23
07:47
MIDD

Middleby

$157.20 /

+1.2 (+0.77%)

Canaccord analyst Brian…

Canaccord analyst Brian McNamara raised the firm's price target on Middleby to $176 from $162 and keeps a Buy rating on the shares. The analyst raised his estimates to reflect organic growth and said the firm's higher price target is driven by our estimate changes, particularly working capital improvements.

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MIDD Middleby
$157.20 /

+1.2 (+0.77%)

MIDD Middleby
$157.20 /

+1.2 (+0.77%)

01/13/23 Barclays
Middleby price target raised to $177 from $175 at Barclays
11/17/22 Canaccord
Canaccord starts Middleby with Buy on deferred spending benefits
11/16/22 Canaccord
Middleby initiated with a Buy at Canaccord
11/11/22 Baird
Middleby price target lowered to $140 from $145 at Baird
MIDD Middleby
$157.20 /

+1.2 (+0.77%)

MIDD Middleby
$157.20 /

+1.2 (+0.77%)

Recommendations
Illinois Tool Works price target raised to $245 from $213 at UBS » 06:30
02/09/23
02/09
06:30
02/09/23
06:30
ITW

Illinois Tool Works

$236.73 /

-2.325 (-0.97%)

UBS analyst Steven Fisher…

UBS analyst Steven Fisher raised the firm's price target on Illinois Tool Works to $245 from $213 and keeps a Neutral rating on the shares. ITW's Q4 results were strong, with revenues, organic growth, operating profit and margins all ahead of consensus estimates and overall strong end-market demand, but UBS remains cautious on the 12-month outlook, the analyst tells investors in a research note. UBS expects the stock to be range-bound.

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ITW Illinois Tool Works
$236.73 /

-2.325 (-0.97%)

02/07/23 Morgan Stanley
Illinois Tool Works price target raised to $223 from $174 at Morgan Stanley
02/03/23 Deutsche Bank
Illinois Tool Works price target raised to $183 from $170 at Deutsche Bank
02/02/23 Baird
Illinois Tool Works price target raised to $255 from $222 at Baird
01/12/23 JPMorgan
Illinois Tool Works removed from Analyst Focus List at JPMorgan
ITW Illinois Tool Works
$236.73 /

-2.325 (-0.97%)

ITW Illinois Tool Works
$236.73 /

-2.325 (-0.97%)

Recommendations
Illinois Tool Works price target raised to $223 from $174 at Morgan Stanley » 08:28
02/07/23
02/07
08:28
02/07/23
08:28
ITW

Illinois Tool Works

$242.10 /

-4.495 (-1.82%)

Morgan Stanley analyst…

Morgan Stanley analyst Joshua Pokrzywinski raised the firm's price target on Illinois Tool Works to $223 from $174 and keeps an Underweight rating on the shares after the company "delivered a solid beat" and guided 2023 ahead of expectations. While the firm acknowledges it sees fewer catalysts for derating as "execution has been solid," it also sees a negative risk/reward on Illinois Tool Works' valuation and short-cycle exposure.

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ITW Illinois Tool Works
$242.10 /

-4.495 (-1.82%)

02/03/23 Deutsche Bank
Illinois Tool Works price target raised to $183 from $170 at Deutsche Bank
02/02/23 Baird
Illinois Tool Works price target raised to $255 from $222 at Baird
01/12/23 JPMorgan
Illinois Tool Works removed from Analyst Focus List at JPMorgan
01/03/23 Vertical Research
Illinois Tool Works downgraded to Hold from Buy at Vertical Research
ITW Illinois Tool Works
$242.10 /

-4.495 (-1.82%)

ITW Illinois Tool Works
$242.10 /

-4.495 (-1.82%)

Recommendations
Illinois Tool Works price target raised to $183 from $170 at Deutsche Bank » 09:24
02/03/23
02/03
09:24
02/03/23
09:24
ITW

Illinois Tool Works

$250.59 /

+10.94 (+4.56%)

Deutsche Bank analyst…

Deutsche Bank analyst Nicole Deblase raised the firm's price target on Illinois Tool Works to $183 from $170 and keeps a Sell rating on the shares post the Q4 results.

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ITW Illinois Tool Works
$250.59 /

+10.94 (+4.56%)

ITW Illinois Tool Works
$250.59 /

+10.94 (+4.56%)

02/02/23 Baird
Illinois Tool Works price target raised to $255 from $222 at Baird
01/12/23 JPMorgan
Illinois Tool Works removed from Analyst Focus List at JPMorgan
01/03/23 Vertical Research
Illinois Tool Works downgraded to Hold from Buy at Vertical Research
12/09/22 Citi
Illinois Tool Works price target raised to $232 from $202 at Citi
ITW Illinois Tool Works
$250.59 /

+10.94 (+4.56%)

ITW Illinois Tool Works
$250.59 /

+10.94 (+4.56%)

Recommendations
Illinois Tool Works price target raised to $255 from $222 at Baird » 18:20
02/02/23
02/02
18:20
02/02/23
18:20
ITW

Illinois Tool Works

$250.59 /

+10.94 (+4.56%)

Baird analyst Mircea…

Baird analyst Mircea Dobre raised the firm's price target on Illinois Tool Works to $255 from $222 but keeps a Neutral rating on the shares. The company's Q4 results were "solid" with 12% organic sales growth and operating margin expansion of 210bps y/y, the analyst tells investors in a research note. The firm notes however that at 28-times expected 2023 earnings, the stock's valuation at its implied price target is at a "premium" relative to its peers.

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ITW Illinois Tool Works
$250.59 /

+10.94 (+4.56%)

ITW Illinois Tool Works
$250.59 /

+10.94 (+4.56%)

01/12/23 JPMorgan
Illinois Tool Works removed from Analyst Focus List at JPMorgan
01/03/23 Vertical Research
Illinois Tool Works downgraded to Hold from Buy at Vertical Research
12/09/22 Citi
Illinois Tool Works price target raised to $232 from $202 at Citi
10/26/22 Deutsche Bank
Illinois Tool Works price target raised to $171 from $165 at Deutsche Bank
ITW Illinois Tool Works
$250.59 /

+10.94 (+4.56%)

ITW Illinois Tool Works
$250.59 /

+10.94 (+4.56%)

Earnings
Illinois Tool Works sees FY23 EPS $9.40-$9.80, consensus $9.33 » 08:06
02/02/23
02/02
08:06
02/02/23
08:06
ITW

Illinois Tool Works

$239.66 /

+3.6 (+1.53%)

The company is initiating…

The company is initiating 2023 guidance including GAAP EPS in the range of $9.40 to $9.80 per share and organic growth of three to five percent based on current levels of demand and anticipated further slowing in certain end markets. Foreign currency translation and the abovementioned divestitures are expected to reduce revenue by approximately 0.75 percent each, resulting in total revenue growth of 1.5 to 3.5 percent. Operating margin is projected to be in the range of 24.5 to 25.5 percent, with approximately 100 basis points contribution from enterprise initiatives. Free cash flow is expected to be greater than 100 percent of net income and the company plans to repurchase approximately $1.5 billion of its own shares. The projected effective tax rate is approximately 24 percent.

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ITW Illinois Tool Works
$239.66 /

+3.6 (+1.53%)

ITW Illinois Tool Works
$239.66 /

+3.6 (+1.53%)

01/12/23 JPMorgan
Illinois Tool Works removed from Analyst Focus List at JPMorgan
01/03/23 Vertical Research
Illinois Tool Works downgraded to Hold from Buy at Vertical Research
12/09/22 Citi
Illinois Tool Works price target raised to $232 from $202 at Citi
10/26/22 Deutsche Bank
Illinois Tool Works price target raised to $171 from $165 at Deutsche Bank
ITW Illinois Tool Works
$239.66 /

+3.6 (+1.53%)

ITW Illinois Tool Works
$239.66 /

+3.6 (+1.53%)

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